CLUB FOR GROWTH STATEMENT ON PHASE ONE OF CHINA TRADE AGREEMENT

Club for Growth Policy Updates  |   January 15, 2020

WASHINGTON, D.C. – Club for Growth issued the following statement in response to the announcement of Phase One of the China trade agreement.

“While the Phase One of the trade agreement helps expand American sales into China, the Club for Growth is disappointed that the U.S. is not also removing tariffs which middle-class Americans and businesses will be forced to continue to pay out of our own pocket. While this agreement gets us to a good economy for 2020, eliminating the tariffs could get the U.S. a great economy and could add another .5% to 1% to GDP growth on top of the .5% predicted from the deal. The agreement also does not significantly address the significant Chinese cybertheft of American products and ideas. It is too bad that yet again Secretary Mnuchin has let down President Trump and conservatives by failing to deliver a deal that benefits middle-class Americans with lower prices and a level playing field.” – David McIntosh, President, Club for Growth